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If you are on a Debt Arrangement Scheme (DAS) and you’ve forgotten a debt, what can you do about it?

If you’ve taken a Debt Arrangement Scheme Debt Payment Plan (DAS DPP) and you’ve realised that you’ve forgotten one of your debts, what can you do about it.

First a quick recap on what a DAS DPP is. It’s a way for Scottish residents (it isn’t available to people outside Scotland) to roll all their monthly unsecured payments into one. It allows you to make one affordable monthly payment to your lenders, leaving you with enough money to live on and pay all your essential bills, like your mortgage or rent and your council tax.

So, what should you do if you’ve realised that you’ve left a debt out of your DAS that should have been included?

As soon as you realise the debt is missing, you should get in touch with your personal money advisor. They will then advise you on what will happen to the debt. Usually, they’ll be able to request a variation to your monthly payment plan. This simply means your money advisor will ask your lenders if the terms of the agreement can be changed. If the lenders in your DPP agree, the new debt will be added into your monthly payment.

It will then be treated like all the other debts on the DPP, meaning interest and charges will be frozen. The new debt will be added to your payments, usually extending the amount time they’ll run for, so you can still afford the payments. Your money advisor will tell you what happens next if you find yourself in this situation.

DAS DPP are a great way to relieve the pressure of problem debt, whilst allowing you to pay back what you owe at a rate that you can afford. If all your lenders agree to the DPP, it’s legally binding all charges and interest are stopped so your debt doesn’t grow any larger whilst you are in the process of paying it off. This gives you a definite date in the future when you will be debt free.

However, whilst they are great for dealing with problem debt, they also have some consequences that you need to think carefully about before entering into a DAS DPP. These include having your name on the DAS Register, which can be accessed by the public, for the time the DPP is running. It’ll also affect your credit score for at least six years and this in turn could affect your ability to get credit, making it hard or more expensive than usual, in the future.

If you’d like to know more about DAS DPP, click here. If you would like to speak to someone about the DAS DPP, our advisors are ready to chat through anything that’s bothering you. Just choose one of the ‘contact us’ buttons on the left of the page to get started.

We hope you’ll be happy with our service but, if you’re not, we want to hear from you so we can try to put that right. Read here for information about our Complaints Procedure and about your right to refer a complaint to the Financial Ombudsman Service.

Your payments into a Debt Management Plan are protected and compensation could be available from the FSCS if there are any shortfalls in funds held on a customer's behalf.

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